3303 W Washington Ave | Alpena, MI 49707
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- LoopNet Team
3303 W Washington Ave
Alpena, MI 49707
Crossroads Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located in the heart of Alpena’s retail corridor; serving as a commercial hub for Alpena and surrounding communities, providing ample consumer traffic
- Tremendous value-add component through lease up of existing ±14,146 SF and converting gross leases to NNN.
- NOI ±$360,510 at ±67% occupancy.
- Unknown opportunity for national and regional retailers; property has never been actively listed (sale or lease).
- Adjacent to the recently developed Northland Area Federal Credit Union with corporate offices.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
43,295 SF
Building Class
C
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
4.28 AC
Parking
147 Spaces (3.4 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 091-021-000-506-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,539,300 |
PROPERTY TAXES
Parcel Number
091-021-000-506-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,539,300
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